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Policy● Neutral for Indian equities
Insurance sales in India about to leave a big footprint
The brief
- Proposed framework could reward insurance distributors for sales quality and servicing
- Commissions could be clawed back in some cases
- Commission changes could reshape distribution economics for Indian insurers and insurance intermediaries
- Mint explainer: can a new digital portal change how India insures its livestock?
- SBI Life Or LIC? JPMorgan Bets On Low-Cost Insurers Amid IRDAI's Distribution Reset: Top Picks
- IRDAI’s proposed distribution reforms can drive a mutual fund-like transformation in insurance, as SEBI did in 2009, says Kamesh Goyal, Go Digit chairman
- All isn’t well with India's insurance sector: Irdai's proposals could address what ails it
- a16z’s Raghu Raghuram on India’s AI potential; insurance cos navigate new proposal
IRDAI's proposed insurance distribution reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory insurance bundling with loans. The proposals prompted debate over premiums, mis-selling and distributor payouts, while reports highlighted possible earnings risks for PB Fintech.
Thursday, 24 September
- Insurance sales in India about to leave a big footprint